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Apr. 21 – The United Nations Industrial Development Organization (UNIDO) have just released their International Yearbook of Manufacturing Statistics and have found that China and India rank first and fourth respectively in global manufacturing value added (MVA) output. Emerging markets have doubled their output in the past 18 years, with them producing 30 percent of global manufacturing value, demonstrating the increasing shift of production and the outsourcing of services to developing countries. The industrialized world gained a 30 percent increase.
A staggering 75 percent of global MVA was accounted for in Asian developing markets, with China contributing 42 percent of this. India’s growth rate of MVA output rose from 6.9 percent to 12.3 percent in two years from 2005 to 2007, with MVA accounting for about 15 percent of the country’s GDP. India’s fourth placed ranking is after China, the USA and Italy.
